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Tuesday, April 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

Forfeiture

The Ninth Circuit upheld a forfeiture order that required former Autonomy Corp. CFO Sushovan Hussain to forfeit $6.1 million, which reflected the “inflated premium” Hewlett-Packard paid him for his shares in Autonomy. Hussain was convicted of wire fraud and other charges for juggling the books before his company was sold to HP in 2011.

SAN FRANCISCO — The Ninth Circuit upheld a forfeiture order that required former Autonomy Corp. CFO Sushovan Hussain to forfeit $6.1 million, which reflected the “inflated premium” Hewlett-Packard paid him for his shares in Autonomy. Hussain was convicted of wire fraud and other charges for juggling the books before his company was sold to HP in 2011. 

Categories / Appeals, Business, Criminal

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